CHS has announced open enrollment for corn and soybean marketing contracts through CHS Pro Advantage now through December 13, 2017. New this year, contracts for spring wheat are also included in this enrollment period.
CHS Pro Advantage gives growers access to industry experts at Russell Consulting Group, a wholly-owned subsidiary of CHS, to price and sell their grain. This helps to manage risk while delivering superior profits even during a tough market.
“With wheat futures falling from three-year highs seen just a few months ago and volatility following USDA’s August report, now is the time to commit bushels for professional management and marketing by our hedging experts,” says Kent Beadle, director, Russell Consulting Group.
Growers can enroll 2018 and 2019 bushels. Bushels in the one-year program will be priced between December 18, 2017, and August 24, 2018. Bushels in the two-year program will be priced between December 18, 2017, and August 23, 2019.
If you’re interested in knowing more, contact your local CHS grain team for more information or visit the CHS Pro Advantage website.
Friday, October 13, is Global Fertilizer Day, established by the fertilizer industry as a way to help highlight the essential role fertilizers play in global food production. “About half of the world’s food production is attributable to the use of fertilizer, yet our industry commonly faces incorrect public perceptions about its importance,” says Michael Johnson, CHS Agronomy director of marketing.
CHS is proud to announce that October is National Cooperative Month. After all, what better time could there be than during harvest to reflect on everything cooperatives do for the farmers and ranchers who own them? As you’re busy bringing in your harvest, consider how rural co-ops, empowered by the combined strength of its owners, ensure the steady supply of affordable inputs that make your crop possible.
We are hiring check out our career page for job postings.
At its September meeting, the CHS Board of Directors made a number of decisions regarding equity management. The following letter from CHS Board Chairman Dan Schurr outlines these decisions:
Dear Cooperative Owner,
CHS was built on the shared values of managing our business with the highest integrity, building lasting and mutually rewarding relationships, and partnering for our collective success.
These values guide every decision your CHS Board of Directors makes on your behalf. Thanks to the dedication and hard work of those owners and employees that came before us, CHS is a cooperative that’s been built for the long haul. Your Board of Directors will ensure that tradition continues. It’s with this spirit that we share recent Board decisions around equity management.
Despite solid performance in our core businesses, a few large events have resulted in substantial fiscal 2017 financial losses in certain patronage-based businesses. These events included a loss attributed to a large producer loan and business unit asset impairments in the United States.
There was a small uptick in phosphate sales ahead of Hurricane Irma’s arrival in Florida, where the bulk of North American phosphate production is located. Phosphate facilities there shut down as part of their hurricane preparedness plans.
Early reports from manufacturers are that damage at the facilities appears to be limited, but full assessment will take time. Some finished product has sustained water damage but no exact estimates have been released yet.
This satellite image shows the Pacific Northwest smoke and burning areas on September 5, 2017. SOURCE: NASA
Western wildfires have much of Washington, Oregon, Idaho and Montana under a thick blanket of smoke. And while the smoke is cancelling and rescheduling sports activities, it is also causing concern for the state’s ranchers.
CHS will be closed Monday, September 4th in observance of Labor Day.
The CHS Foundation, funded by charitable gifts from CHS Inc., is committed to developing the next generation of leaders in agriculture. As part of the foundation’s work centered on advancing agriculture education, it has awarded scholarships to six Colorado high school graduates. The Colorado students are among 100 students representing 23 states and Canada. Each will receive a $1,000 scholarship to cover expenses associated with their freshman year of college.
“The success of our hometown communities and rural America depends on students with a strong interest in agriculture to pursue ag-focused degrees and be the innovators to feed the world into the future,” says Nanci Lilja, president, CHS Foundation. “We’re pleased to recognize these students with scholarships and join their communities in looking forward to the important contributions they’ll make to the ag industry.”
These Minnesota high school students are among the 2017 CHS scholarship winners:
- Erica Earley, Wykoff, Minn.; Northeast Iowa Community College; Agriculture Business and Beef Science
- Jacey Edlin, Jackson, Minn.; South Dakota State University; Agricultural Education
- Mikayla Erf, Oakdale, Minn.; University of Minnesota, Twin Cities; Animal Science
- Dillon Gratz, Atwater, Minn.; South Dakota State University; Dairy Science
- Kylee Kohls, Litchfield, Minn.; South Dakota State University; Agriculture Education, Communications & Leadership
- Adam Kroll, Royalton, Minn.; North Dakota State University; Ag Economics
- Holly Larson; Medford, Minn.; South Dakota State University; Agricultural Education
- Madeline Patterson, Kenyon, Minn.; North Dakota State University; Agricultural Communication
- Kourtney Pederson, Farmington, Minn.; Iowa State University; Agribusiness
- Joshua Schlumpberger, Bowlus, Minn.; University of Minnesota, Twin Cities; Computer Science
- John Toelle, Brown’s Valley, Minn.; North Dakota State College of Science; Farm Management
- Jared Troendle, Lanesboro, Minn.; South Dakota State University; Agricultural Business
- Madeline Weninger, Buffalo, Minn.; South Dakota State University; Agricultural Education
- Sierra Williamson, Sherburn, Minn.; University of Minnesota, Twin Cities; Agricultural and Food Business Management
An independent, external committee selected recipients based on their career goals, essays, extracurricular involvement, transcripts and reference letters. In addition to high school scholarships, the CHS Foundation funds an additional 200 scholarships for students enrolled in an agricultural-related program at colleges across the country. These scholarships range from $1,000 to $2,000 and are directly administered by more than 30 CHS partner schools. Click here for more information.
About the CHS Foundation
The CHS Foundation is funded by charitable gifts from CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company. As a part of the CHS stewardship focus, the CHS Foundation supports organizations that develop future leaders for agriculture through education and leadership programs, improve agricultural safety and enhance community vitality in rural America. Learn more at chsinc.com/stewardship.